Monday, December 31, 2007

New Tea Factory Development Drive in Sri Lanka

Fifteen new factory units are to be established by the Tea Shakthi Fund (TSF) under its development plan for next year.

The fund also expects to earn a profit of Rs. 112 million next year from factory operations. It is expected to earn Rs. 1,316 million from 5,300 metric tonnes of made tea, to make a profit of Rs. 25 million from fertiliser and Rs. 0.57 million from local tea sales.

According to the Ministry of Plantation Industries Secretary J. Abeywickrama, the TSF has made a positive progress in 2007 by making a profit of Rs. 48 million on factory operations and made an overall profit of Rs. 63.4 million.

TSF is an organisation financed and owned by tea smallholders with the objective of harnessing the full potential of a large community of enterprising small tea cultivators. It operates in a network made of a 1,200-strong tea smallholders’ societies covering a tea growing population of 1.5 million.

Ref: Daily News - http://www.dailynews.lk/2007/12/31/news11.asp

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